Wells Fargo Remains a Buy on BRP Group (BRP)

Wells Fargo analyst Elyse Greenspan maintained a Buy rating on BRP Group (BRPResearch Report) today and set a price target of $16.00. The company’s shares closed last Thursday at $14.79.

According to TipRanks.com, Greenspan is a 3-star analyst with an average return of 2.0% and a 57.9% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BRP Group with a $15.00 average price target, implying a 5.2% upside from current levels. In a report issued on June 17, Raymond James also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $18.50 and a one-year low of $8.35. Currently, BRP Group has an average volume of 168.3K.

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BRP Group, Inc. provides insurance services. It operates through the following four segments: Middle Market, Specialty, Mainstreet, and Medicare. The Middle Market segment provides private risk management, commercial risk management and employee benefits solutions for mid-to-large size businesses and high net worth individuals and families. The Specialty segment is a wholesale co-brokerage platform, which delivers specialty insurers, professionals, individuals and niche industry businesses expanded access to exclusive specialty markets, capabilities and programs requiring complex underwriting and placement. The Mainstreet segment offers personal insurance, commercial insurance and life and health solutions to individuals and businesses in their communities. The Medicare segment offers consultation for government assistance programs and solutions, including traditional Medicare and Medicare Advantage. The company was founded by Elizabeth H. Krystyn, Laura R. Sherman and Lowry L. Baldwin in 2011 and is headquartered in Tampa, FL.